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Caixin Global
Caixin Global
Gu Zhaowei

Tech Brief (Oct. 27): Huawei EV Partner Seres Unveils Hong Kong IPO Plan

Huawei Seres IPO Hong Kong MetaX STAR Market Tencent United States

Huawei EV partner Seres unveils Hong Kong IPO plan

Seres Group Co. Ltd., an electric vehicle partner of Huawei Technologies Co. Ltd., announced in a Hong Kong Stock Exchange filing on Oct. 27 that it plans to globally issue 100.2 million H-shares for its listing in the city. The final number is subject to an overallotment option. The offer price will not exceed HK$131.50 ($16.85) per share, and trading is expected to begin on Nov. 5.

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